Nikita’s decision to buy her shoes at the same shop that her boss patronizes is the result of which of the following sociological influences?
A. Cultures
B. Opinion leaders
C. Reference groups
D. Social classes
Answer: B
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The purpose of establishing a desired rate of return on investment is to set a point below which the best alternative will be considered acceptable
Indicate whether the statement is true or false
______ is the way an organization reacts to outside influences.
A. Micro integration B. External adaptation C. Environmental diversification D. Internal integration
Which of the following statements is true?
a. A company must use the FIFO cost flow assumption for taxes as well as for financial accounting and reporting. b. A company may use FIFO for inventory valuation purposes on the balance sheet provided that LIFO cost of goods sold is reported on the income statement. c. Application of LIFO for financial reporting purposes must strictly follow IRS regulations relating to LIFO. d. LIFO is the only inventory method that must be used for financial reporting purposes if used for tax purposes.
One purpose of financial statement analysis for internal users is to provide information to improve efficiency and effectiveness.
Answer the following statement true (T) or false (F)